Practice question
A bank record relied on for assessment is conclusively shown to belong to another company with a different taxpayer identity. The BIR offers no reliable link to the assessed taxpayer. Can the presumption alone establish that taxpayer’s receipt?
- No; the foundational link to the assessed taxpayer must be supported
- Yes, every bank entry belongs to every company
- Yes, identity never matters
- Only the bank’s logo matters
- The taxpayer must pay another company’s liability automatically
Legal references
- CIR v. Hantex Trading Co., Inc., G.R. No. 136975, March 31, 2005, main decision: https://lawphil.net/judjuris/juri2005/mar2005/gr_136975_2005.html
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